Is Sphere Entertainment Co. (SPHR) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 24.0% / 30% | 12.7% / 30% | 5.2% / 30% | 1.11% / 5% | ✓ HALAL |
| DJIM | 24.0% / 33% | 12.7% / 33% | 5.2% / 33% | 1.11% / 5% | ✓ HALAL |
| MSCI | 22.8% / 33% | 12.1% / 33% | 4.9% / 33% | 1.11% / 5% | ✓ HALAL |
| S&P | 24.0% / 33% | 12.7% / 33% | 5.2% / 33% | 1.11% / 5% | ✓ HALAL |
| FTSE | 22.8% / 33% | 12.1% / 33% | 4.9% / 50% | 1.11% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 52.2% | |
| Operating Margin | 6.9% | |
| Net Margin | 2.7% | |
| Return on Equity (ROE) | 1.5% | |
| Return on Assets (ROA) | -2.2% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $243M |
| Free Cash Flow | $191M |
| Total Debt | $961M |
| Debt-to-Equity | 43.1 |
| Current Ratio | 1.1 |
| Total Assets | $4.2B |
Price & Trading
| Last Close | $108.33 |
| 50-Day MA | $106.19 |
| 200-Day MA | $72.88 |
| Avg Volume | 842K |
| Beta | 1.7 |
|
52-Week Range
$23.89
| |
About Sphere Entertainment Co. (SPHR)
Sphere Entertainment Co. operates as a live entertainment and media company in the United States. It operates through two segments, Sphere and MSG Networks. The Sphere segment offers entertainment medium powered by technologies to create multi-sensory experiences. The MSG Networks segment provides regional sports and entertainment networks; direct-to-consumer and authenticated streaming products, as well as sports content, including live local games and other programming. The company was formerly known as Madison Square Garden Entertainment Corp. and changed its name to Sphere Entertainment Co. in April 2023. Sphere Entertainment Co. was founded in 2006 and is based in New York, New York.
Purification Calculator
As a halal stock with 1.11% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is Sphere Entertainment Co. (SPHR) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Sphere Entertainment Co. is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Sphere Entertainment Co.'s debt ratio?
Sphere Entertainment Co.'s debt ratio is 24.0% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 22.8%.
Does Sphere Entertainment Co. require dividend purification?
Yes, Sphere Entertainment Co. has an impermissible income ratio of 1.11%, which means 1.11% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are Sphere Entertainment Co.'s key financial metrics?
Sphere Entertainment Co. has a market capitalization of $3.8B, trailing P/E ratio of 144.3, and revenue of $1.2B. The company maintains a gross margin of 52.2% and a net margin of 2.7%. Return on equity stands at 1.5%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.